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I cannot get Turbo Tax to accept a 1099 MISC, for rent; it is a lease for oil mineral rights.
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I cannot get Turbo Tax to accept a 1099 MISC, for rent; it is a lease for oil mineral rights.
Box 2 of Form 1099-MISC is reserved for tax reporting related to royalty payments.Part I of Schedule E (Form 1040){select royalty for this] Link to "investment"at the last screen of the 1099-misc section..
Box 1 of Form 1099-MISC is reserved for tax reporting related to rental payments.Part I of Schedule E (Form 1040)[select rental for this] "select "Non business income from the rental of personal property or equipment.
Then go to the linked Schedule E to review
federal taxes/ wages & income
rental and royalties=start/update
Follow prompt.

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I cannot get Turbo Tax to accept a 1099 MISC, for rent; it is a lease for oil mineral rights.
Box 2 of Form 1099-MISC is reserved for tax reporting related to royalty payments.Part I of Schedule E (Form 1040){select royalty for this] Link to "investment"at the last screen of the 1099-misc section..
Box 1 of Form 1099-MISC is reserved for tax reporting related to rental payments.Part I of Schedule E (Form 1040)[select rental for this] "select "Non business income from the rental of personal property or equipment.
Then go to the linked Schedule E to review
federal taxes/ wages & income
rental and royalties=start/update
Follow prompt.
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